Market Opens:
Indian indices opened higher on Tuesday with Nifty around 11,700 level.
At 09:16 hrs IST, the Sensex is up 86.98 points or 0.22% at 38958.85, and the Nifty up 9.70 points or 0.08% at 11678.90. About 505 shares have advanced, 169 shares declined, and 43 shares are unchanged.
The major gainers are Eicher Motors, Dr Reddys Lab, TCS, Infosys, Titan, Maruti Suzuki, Asian Paints while losers include Zee Entertainment, BPCL, Kotak Mahindra and HCL Tech.
Among the sectors, IT, Infra, FMCG, energy are trading higher, while some selling seen in the metal and banking stocks.
Rupee Opens:
The Indian rupee slipped in the early trade on Tuesday. It opened lower by 12 paise at 69.27 per dollar versus Friday's close 69.15.
Global Market :
Asian markets trade higher :
Asia shares extended their rally on Tuesday as factory activity surveys from China and the United States boosted investor confidence, triggering the largest one-day sell-off in the US Treasury market in nearly three months.
SGX Nifty:
Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 17 points or 0.14 percent. Nifty futures were trading around 11,751-level on the Singaporean Exchange.
US markets end higher :
US stocks rallied on Monday, starting off the second quarter on a strong note, as upbeat manufacturing numbers from China and the United States eased worries about slowing global growth.
Here are stocks that are in the news today:
March Auto Sales:
Tata Motors
Total domestic sales up 16% at 68,709 units Vs 5,86,507 units, YoY
TVS Motor
Total sales at 3,25,345 units against 3,26,667 units (YoY)
Eicher Motors
Total sales down 20% at 60,831 units Vs 76,087 units. appoints Vinod K. Dasari as Chief Executive Officer of Royal Enfield
Hero MotoCorp
Total sales at 5,81,279 units
Karnataka Bank: Bank targets Rs 1,44,000 crore business turnover for FY20.
Cipla's wholly owned subsidiary in USA i.e. Cipla Technologies LLC, has signed a binding term sheet today with Pulmatrix Inc
Banswara Syntex: CRISIL has extended its rating in respect to the total bank loan facilities of the company - long-term rating at BBB/Stable and Short-Term Rating at A3+.
Elantas Beck India: Board appointed Srikumar Ramakrishnan as President of the Company, M Srikumar Ramakrishnan will be appointed as successor of M Ravindra Kumar, Managing Director in due course.
Reliance Industries
Digital Fibre Infrastructure Trust has acquired control of Jio Digital Fibre Private Limited (JDFPL) by purchasing 51% of the equity share capital of JDFPL for a consideration of Rs 262.65 crore
Tower Infrastructure Trust has acquired control of Reliance Jio Infratel Private Limited (RJIPL) by purchasing 51% of the equity share capital of RJIPL for a consideration of Rs 109.65 crore
Tata Power : Tata Power SED handed over indigenous combat management system to Indian Navy.
Moil has fixed/revised prices of different grades of Manganese Ore and other products, effective from 01.04.2019
Maruti Suzuki announced a price increase upto Rs 689 (Ex- Showroom - Delhi) across models on account of regulatory compliances.
M&M: Company set up armoured vehicle unit in Jordan.
Taneja Aerospace & Aviation: Company has received upgraded credit rating of C for its long term bank facilities and A4 for short term bank facilities from the credit rating agency, CARE Ratings Limited.
NMDC: lnspite of suspension of Donimalai Mine operations for 5 months, no exports upto August 2018, highest rainfall in Bailadila Sector and poor off take in Karnataka in 01, NMDC has produced 32.44 MT and sales of 32.38 MT iron ore during FY-19.
Cyient: Delivery of order worth $5 million delayed due to delay in regulatory clearances. "We see decline in January-March revenues due to order delay and see marginal QoQ growth of 1-2 percent in services."
IDBI Bank: Bank seeks transaction advisor for divestment of stake in IDBI Asset Management.
Godrej Properties: Company sold over 2,900 homes with a booking value in excess of Rs 2,100 crore in Q4 FY19
Gateway Distriparks: Company completed acquisition of entire stake held by Blackstone in arm for Rs 850 crore on March 29.
Bajaj Healthcare fixed April 10 as record date for the purpose of bonus shares
PVR: Company opened 4 screens multiplex at The Celebration Bazaar, Khanna in Punjab and 5 screens multiplex at City Centre Mall, Guwahati in Assam.
Centrum Capital: Company has sold its entire equity holding in its wholly-owned subsidiary company, Centrum Defence System Limited and Centrum Infrastructure Advisory Limited.
Aurobindo Pharma clarified that the value of the products recalled is not material, we have not intimated to stock exchanges
Dr Lal PathLabs: Company unit approved acquisition of Bawankar Pathology.
Jet Airways: DGCA approves summer schedule of company till April 25 - CNBC-TV18.
Zee Media Corporation promoter 25FPS Media sold 13.4 lakh shares on March 1 - CNBC-TV18
Analyst or Board Meet/Briefings :
Coromandel International: Board, on April 23, to consider the audited financial results of the company for the year ended March 2019.
Bajaj Consumer Care: Board to consider FY19 results & final dividend on April 9.
Infosys: Company to Announce fourth quarter and annual results on April 12.
MT Educare: Company's officiails will meet Avinash Gorakshkar, Head of Research, Joindre Capital Services on April 2.
Get Our Free Trial and join our services (SEBI Registration Number INA000008747) Whats App @ 9589013659 or Visit http://idealstock.in/
